Colorado-headquartered clean energy platform Peregrine Energy Solutions has secured US$700 million in credit, equity and debt financing to bring its project pipeline online.

The company, formed in 2022 in partnership between Peregrine Energy Management and asset management firm Castlelake, prioritises utility-scale battery energy storage systems (BESS) in the US, but also has solar and wind projects in its asset pipeline.

Try Premium for just $1

Full premium access for the first month at only $1
Converts to an annual rate after 30 days unless cancelled
Cancel anytime during the trial period

Start $1 Trial

Premium Benefits

Expert industry analysis and interviews
Digital access to PV Tech Power journal
Exclusive event discounts

Or get the full Premium subscription right away

Get Premium Subscription

Or continue reading this article for free

Get Basic (FREE) Subscription

Peregrine said that its pipeline spans ten states and five independent system operators, and the capacity of this pipeline exceeds 7GW of standalone solar, energy storage and wind projects.

Alternative investment and asset manager AB CarVal, which owns the ‘largest’ low-income community solar project in California, Fresno’s DAC solar farm, provided funding for Peregrine’s upcoming projects.

Peregrine said that the investment will allow it to “advance [its] value creation pathways”, and that it intends to manage the projects from sourcing through to operational management.

Our colleagues at Energy-Storage.news have covered Peregrine Energy Solutions’ BESS operations in the past. In February, the company announced investment from South Korean alternative asset management company IMM Investment Global for a BESS portfolio, after acquiring two projects from Black Mountain Energy with a combined capacity of 490MW.

UPCOMING EVENT

PV CellTech USA 2025

7 October 2025

San Francisco Bay Area, USA

PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

UPCOMING EVENT

Solar & Storage Finance USA 2025

21 October 2025

New York, USA

Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.

UPCOMING EVENT

Large Scale Solar Central Eastern Europe 2025

25 November 2025

Warsaw, Poland

Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

UPCOMING EVENT

PV ModuleTech USA 2026

16 June 2026

Napa, USA

PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.